The Reds are 22 points clear at the top of the table and are closing in a their first ever Premier League trophy and their first time in thirsty years.
If Liverpool keep winning, Manchester City drop three points, and Leicester drop any points between now and the Merseyside derby, Jurgen Klopp's side can potentially claim the title at Goodison Park on March 16.
Ancelotti, who has won four of his eight games in charge of the Toffees, was asked about the possibility to which he said: "Liverpool are going to win the Premier League.
"I hope not at Goodison Park. There are a lot of other stadiums. Why Goodison Park?"
Former Liverpool striker Ian Rush was excited by the possibility of a title celebration at the home of one of their greatest rivals.
"I think it would go down well for the Liverpool supporters - I'm not sure about the Everton supporters," Rush told Sky Sports.
"It would be nice to win it on Merseyside but I would like it to be at Anfield.
"But, if it's going to be at Goodison Park, I don't think any Liverpool supporters would be angry with that.
"One thing for sure is that Everton will be trying to make certain they don't win it there, so that will be a really entertaining game."
Everton midfielder Andre Gomes may yet play in the Merseyside derby despite suffering a horrific injury against Tottenham on November 3.
Gomes could make a comeback from a fracture dislocation of his ankle when Everton play Arsenal later this month.
"We are going to organise a friendly game for us when we come back from the holidays and everything is OK with him," added Ancelotti.